Godfrey Phillips India jumps on quarterly profit surge

Godfrey Phillips India

27/07/2023 05:09

** Shares of cigarettes manufacturer Godfrey Phillips India
 GDFR.NS  up as much as 14.59% to 1,975 rupees, their highest
since March 20
    ** Co hits sharpest intraday pct gain since April 11, 2022,
on track for fourth consecutive session of gains if trends hold
    ** GDFR said its consolidated net profit for the quarter
ended June 30 rose nearly 79% to 2.54 billion rupees ($31.01
million)
    ** About 481,152 shares change hands as of 9:30 a.m. IST, vs
6.9x 30-day average of 70,039 shares 
    ** Stock down 12.9% YTD, as of last close

($1 = 81.9217 Indian rupees)

 (Reporting by Manvi Pant in Bengaluru)
 ((Manvi.Pant@thomsonreuters.com; +918447554364;))